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The UK Economy
Published online by Cambridge University Press: 26 March 2020
Abstract
• The economy will grow by only 1.5 per cent in 2011 and 1.8 per cent in 2012.
• Consumer price inflation will be 3.8 per cent this year but fall to 1.8 per cent in 2012.
• The sharp rise in oil prices will raise inflation by over ½ percentage point in 2011.
• Growth over the next two years will come mainly from net trade.
• Real disposable income will fall for the second successive year, by 0.8 per cent in 2011.
• There is a case for delaying some of the austerity programme but accelerating planned increases in the state pension age.
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- Economic Overview
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- Copyright © 2011 National Institute of Economic and Social Research